The Monetary Authority of Singapore (MAS) has
articulated strategies to promote electronic payments in Singapore and has
published a “Singapore Payments Roadmap” which it commissioned KPMG Advisory to
produce. The report describes the state
of payments in Singapore, focusing on how consumers and businesses make
payments.The report also observes that
Singapore has the necessary components to be a best-in-class jurisdiction in
the area of payments, and recommends several steps to improve the landscape.

About
the Speaker

Bernard
WeeExecutive
DirectorFinancial
Markets Development and Payments and Technology SolutionsMonetary
Authority of Singapore

Bernard heads the Financial Markets
Development Department and Payments and Technology Solutions Office in the
Monetary Authority of Singapore. The Financial Markets Development Department
aims to build a vibrant financial market in Singapore, bringing together
sell-side capital market products and solutions with buy-side asset managers
and insurers. The Payments and Technology Solutions Office is part of the Financial
Technology and Innovation Group. It aims to foster a sound and innovative payments
and technology ecosystem through partnership and a progressive, risk-based regulatory
framework. From 2013 to 2015, Bernard headed the International Department, which
oversees MAS’ international and regional co-operation. From 2007 to 2013,
Bernard headed the Monetary Management Division, and was responsible for
Singapore dollar foreign exchange and money market operations, and the government
securities market. Bernard graduated from Columbia University in New York with
a Bachelor of the Arts in Political Science (2000) and Master of Public
Administration (2001). He has two corgis, aged 5 and 11.